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Want to know why USDCAD is going downwards today?

We expect a $228 movement on USDCAD within 2 hours following the release of Balance of Trade at 2023-04-05 12:30. We expect USDCAD to trend downwards 2 hours following the event release at 2023-04-05 12:30 if the released value is < $-69B. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion

03 Nov 12:30
07 Sep 12:30
07 Jul 12:30
05 Apr 12:30